Chap 1 Homework (Empty)-1

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Temple University *

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5001

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Economics

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Feb 20, 2024

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Complete calculation inside highlighted question cell 1. What is her productivity? [Blank1] 3. What is her percentage increase in productivity? [Blank3] Susan has a part-time business producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars. She currently works 8 hours per day to produce 16 ornaments. 2. She thinks that by redesigning the ornaments and switching from use of a wood glue to a hot-glue gun she can increase her total production to 20 ornaments per day. What is her new productivity? [Blank2]
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Complete calculation inside highlighted question cell Carbondale Casting produces cast bronze valves on a 8-person assembly line. On a recent day, 150 valves were produced during an 8-hour shift. a. Calculate the labor productivity of the line. [Blank1] b. John Goodale, the manager at Carbondale, changed the layout and was able to increase production to 200 units per 8-hour shift. What is the new labor productivity per labor-hour? [Blank2] c. What is the percentage of productivity increase? [Blank3]%
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Labor 8 per hour Capital 8.3% per month Energy 0.6 per BTU Last Year This Year Production 1,500 1,500 Labor 350 325 Capital 15,000 18,000 Energy 3,000 2,750 Complete calculation inside highlighted question cell Last Year This Year Last Year This Year As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year. Determine the multi-factor productivity using the following costs: a. What is the percent change in the labor productivity? [Blank1]% b. What is the overall multi-factor productivity change? [Blank2]%
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Complete calculation inside highlighted question cell 1. Calculate the labor productivity for the initial situation (students/hour). [Blank1] students/hour 2. Calculate the labor productivity for the new schedule (students/hour). [Blank2] students/hour 3. What is the change in productivity? [Blank3] A local university is considering changes to its class structure in an effort to increase professor productivi old schedule had each professor teaching 5 classes per week, with each class meeting an hour per day on Wednesday, and Friday. Each class contained 20 students. The new schedule has each professor teaching only 3 classes, but each class meets daily (Mon.-Fri.) for a New classes contain 50 students.
ity. The n Monday, an hour.
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Complete calculation inside highlighted question cell a. Current productivity per labor dollar if the process requires 4 employees: = [Blank1] loaves/dollar loaves/dollar loaves/dollar Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent by 25% in the last year. On far too many occasions, customers have not been able to purchase the br the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways t that more loaves of bread can be baked at one time. This new process will require that the ovens be additional manpower. This is the only thing to be changed. The bakery currently makes 1,800 loaves per employee and each employee works 160 hours per month. Charles Lackey can also improve the y The new blender will mean an increase in his investment. This new blender will mean an increase in h he will achieve the same new output (an increase to 2,250.00) as the change in labor hours. b. If Charles must increase the total number of work hours to 790 in order to employ the new oven lo increased demand, then the productivity would be [Blank2] c. By adding manpower, the percentage increase in productivity is [Blank3]% d. If Charles instead chooses to purchase a new blender (while holding labor constant at 640 hours a productivity is [Blank4] e. By purchasing a new blender (while holding labor constant at 640 hours at $8 per hour), the perce (comparing the answer in a. to the answer in d.) [Blank5]
t location, demand has increased read of their choice. Because of to load the ovens differently so loaded by hand, requiring per month. The pay is $8 per hour yield by purchasing a new blender. his costs of $150 per month, but oading technique and meet the at $8 per hour), then the entage increase in productivity is
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Last Year This Year Last Year This Year Output (units) 10,500 12,100 $12,000 $13,200 Utilities $7,600 $8,250 Capital $83,000 $88,000 Complete calculation inside highlighted question cell a. What is the percent change in labor productivity this year vs. last year? [Blank1] b. What is the percent change in utilities productivity this year vs. last year? [Blank2] c. What is the percent change in capital investment's productivity this year vs. last? [Blank3] d. What is the overall multi-factor productivity for last year? [Blank4] e. What is the overall multi-factor productivity this year? [Blank5] f. What is the multi-factor percent change this year vs. last year? [Blank6] Martin Manufacturing has implemented several programs to improve its productivity. They have asked y evaluate the firm's productivity by comparing this year's performance with last year's. The following data available. Labor
you to a are
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Production 55,600 units # Hours 150 hrs/month Labor Productivity 0.2 units/labor-hour Complete calculation inside highlighted question cell 1) How many heaters can one labor produce every month? [Blank1] and every year [Blank2] /month /year 2) What is the minimum number of laborers required at the plant to meet the demand? [Blank3] Clearwater Inc. produces 55,600 hot water heaters annually at its plant in Las Vegas, NV in order to meet it To accomplish this, each laborer at the Clearwater Plant will work 150 hours per month. If the labor produc 0.20 water heaters per labor-hour,
ts expected demand. ctivity at the plant is
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# Hours 5 hours Production 90 /day Complete calculation inside highlighted question cell 1) What is Tabby's productivity? [Blank1] 3) What will be the percentage increase in productivity if Tabby makes the change? [Blank3] Tabby produces 'Final Exam Care Packages' for resale by her sorority. She is currently working 5 hours per d care packages each day. 2) Tabby thinks that by redesigning the package, she can increase her total productivity to 122 care packag will be her new productivity? [Blank2]
day to produce 90 ges per day. What
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Production 16,600 units Labor Prod. 0.18 /labor-hour # Laborers 540 Complete calculation inside highlighted question cell 1) How many hours did the average laborer work that month? [Blank1] In December, Textra Motors produced 16,600 customized SUVs at its plant in New Mexico. The labor productiv this plant is known to have been 0.18 SUV per labor-hour during that month. 540 laborers were employed at t that month. 2) Next month, Textra will still produce 16,600 SUVs. However, the operations leas believes that she can incre productivity to 0.21 SUVs per hour. If that productivity increase is attained, how many hours would the averag have to work that month? [Blank2]
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vity at the plant ease ge laborer
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# Workers 8 # Hrs Worked 45 Production 132 Complete calculation inside highlighted question cell Total Hours Seconds Retail Labor Prod. /labor-hour Nancy Kirkwood runs a small job shop where garments are made. The job shop employs 8 workers. During the first week of March, each worker worked 45 hours. Together, they produced a batch of 132 garments. Of these garments, 52 were "seconds" (meaning that they were flawed). The seconds were sold for $90 each at a factory outlet store. The remaining 80 garments were sold to retail outlets at a price of $198 per garment. What was the labor productivity, in sales dollars per labor-hour, at this job shop during the first week of March?
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Complete calculation inside highlighted question cell An industrial plant needs to make 100,000 parts per month to meet demand. Each month contains 20 working days, each of which allows for 3 separate 8 hour shifts. a. If a worker can produce 10 parts/hour, what is the minimum number of workers needed? [BlankA] b. If material costs are $10/part, capital costs are $100,000 and labor costs are $10/hour, what is the multifactor productivity of the plant from part (a)? [BlankB] c. Suppose the plant could increase to 120,000 parts per month by increasing capital costs by $15,000 (and no other changes were needed). What would be the new multifactor productivity [blankC] and percent change (compared to your answer to question b)? [Blankd]
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